Arrival is running out of cash — and fast

The high-cost of trying to develop and produce vehicles, a business pivot and three restructurings has taken a toll on commercial EV maker Arrival. And it doesn’t look like it’s going to get any easier for the company.
Arrival, which went public in 2021 via a merger with a special purpose acquisition company, posted preliminary fourth-quarter and full-year earnings report Thursday. The gist? Arrival is burning through cash and is on the hunt for more.
Curiously, Arrival has pushed its earnings call and “business update” to March 13. (Public companies traditionally hold

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